Rs 21,100 Crore Order Book: Shipbuilding Company Secures Rs 250–500 Crore Order for Advanced Electric Tugs from European Client

Cochin Shipyard Limited (CSL), a Government of India Category-I Miniratna company, has secured a Significant order from Svitzer, Denmark, for the Construction of next-generation electric ‘TRAnsverse’ tugs. The development follows the Letter of Intent (LOI) announced on October 31, 2025, marking a major step in CSL’s global shipbuilding footprint.

CSL signed the shipbuilding contracts with Svitzer on December 5, 2025, covering four fully electric 26-metre ‘TRAnsverse 2600E’ tugs with a 70-ton bollard pull. The agreement also includes an option for up to four additional vessels, strengthening Svitzer’s fleet renewal and operational expansion strategy worldwide. These vessels will be built to Svitzer’s technical specifications, aligning with its global sustainability and efficiency goals.

Based on its internal order classification parameters, CSL has categorised this contract as “Significant,” indicating a value between Rs 250 crore and Rs 500 crore. This order reinforces CSL’s position as a leading shipbuilder in the clean-energy maritime segment. The delivery of the first vessels is scheduled to begin from late 2027.

Incorporated in the year 1972, Cochin Shipyard Limited(CSL) is a leading player in construction of all kinds of vessels, repairs and refits of all types of vessels including periodic upgradation and life extension of ships.

CSL has built & repaired some of the largest ships for its esteemed customers across the globe. It has exported some 45 ships to various clients outside India.
It has developed its expertise from building bulk carriers to smaller ships and ships which are more advanced in terms of technology such as Platform Supply vessels, Anchor Handling Tug Supply Vessels.

The stock price has jumped over 39 per cent from its 52-week low.

Disclaimer: The article is for informational purposes only and not investment advice.